intt on tds to be claim

Dear Rajendra,

Interest on DELAY in DEPOSIT / DEDUCTION of TDS is not allowed as Deduction.

Interest on TDS is disallowable expenditure under Income Tax Act

hi

penalities, fines are not allowed as deduction, it is in the nature of fine for not paying on time hence not deductable

karthi

Dear,

Income Tax & FBT are not allowed as deduction as per income tax department. as per ruling interest on such shall not be allowed.

as per section 36 of income tax act, interest, fine and penalties are not allowed.

A detailed discussion has been made here.

/forum/interest-on-delayed-tds-amount-can-allowable--75191.asp

Completely agree with Amir bhai..........

TDS - Interest on delayed deduction / deposit  is not allowed as Deduction.....

thanks all of you

sir one more thing what entry pass and which group